Miners Can Get No Break

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Just when miners began to recover from the commodity prices slump it's facing resources nationalism and higher costs on the back of higher oil prices. Rio Tinto's CEO has warned this is having an effect on investment decisions, which sounds like good news for metal prices. or bad news, depending on the perspective.

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This is indeed a serious concern to us. One of our associates in Mexico, is in the process of getting his Mexican mining operation funded. They will start mining in about 120 days from now and my concern is, what will be the price of gold in 120 days from now? Will our Mexican friends make any money or lose it?

I will keep my fingers crossed hoping for the best.

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